Sandler O'Neill Downgrades Rating On Home BancShares, Inc. (HOMB)

Sandler O'Neill Downgrades Rating On Home BancShares, Inc. (HOMB)”

The firm owned 67,489 shares of the financial services provider's stock after buying an additional 8,128 shares during the quarter. Sterling Capital Management LLC's holdings in Home BancShares were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

How is Home Bancshares (Conway AR) going to perform in the future? Nisa Investment Advisors, LLC expanded its ownership by buying 705 shares an increase of 75.0% in the quarter. The shares were purchased at an average cost of $23.54 per share, with a total value of $72,974.00.

Among 12 analysts covering Home Bancshares Inc. M&T Bank Corp boosted its position in Home BancShares by 2.8% in the first quarter. Safe Bulkers had 18 analyst reports since October 23, 2015 according to SRatingsIntel. Haynes Jim F JR also sold $38,250 worth of Home Bancshares Inc (NASDAQ:HOMB) shares. Sandler O'Neill upgraded Home Bancshares Inc (NASDAQ:HOMB) on Friday, January 8 to "Buy" rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, July 20 with "Buy".

On October 5 analysts at PiperJaffray starting coverage on HOMB by announcing an initial rating of "Neutral" and setting a price target of $27.00. $34's average target is 36.22% above currents $24.96 stock price. Merion Cap Grp downgraded Home BancShares from an outperform rating to a neutral rating in a research report on Friday, November 11th. If you are reading this article on another publication, it was illegally stolen and republished in violation of U.S. & global trademark and copyright law. If you are viewing this piece on another publication, it was stolen and republished in violation of worldwide copyright and trademark law. The correct version of this article can be viewed at OppenheimerFunds Inc. grew its position in Home BancShares by 56.9% in the first quarter. Shares are trading at $24.11 which is just a bit higher than the 50 day moving average which is $24.08 and a tad below the 200 day moving average of $24.58. As per Friday, August 4, the company rating was maintained by RBC Capital Markets. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Return on Equity (ROE) stands at 13.7% and Return on Investment (ROI) of 20.3 percent. Its adjusted revenue was $128.2 million. (Conway, AR), for the quarter ending on 2017-09-30, the company posted EPS of 0.32.

Stock market analysts and brokers have recently amended their target prices on shares of Home BancShares, Inc. Also, Chairman John W. Allison acquired 15,000 shares of Home BancShares stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $24.78, for a total transaction of $528,284.82. Following the completion of the transaction, the chairman now directly owns 4,968,396 shares of the company's stock, valued at $126,495,362.16. The purchase was disclosed in a filing with the SEC, which is accessible through this link. M&T Bank Corp now owns 5,419 shares of the financial services provider's stock valued at $222,000 after buying an additional 149 shares during the period. Company insiders own 15.02% of the company's stock. The disclosure for this sale can be found here.

The stock increased 0.59% or $0.15 during the last trading session. Insiders own 11.27% of the company's stock.

Home Bancshares, Inc. (Conway, AR) on 6/29/2017 reported its EPS as $0.31 with the analysts projecting the EPS of the stock as $0.31. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank). It is negative, as 29 investors sold HOMB shares while 73 reduced holdings.

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